The central electricity supplier, Energocom JSC, will be able to manage the forecasting of electricity production from renewable sources, which will allow the company to reduce the individual imbalances of the contracted producers. A specialized software that forecasts the electricity produced from renewable sources will be developed for Energocom and contracted producers, thanks to the support of the "Addressing the impacts of the energy crisis in the Republic of Moldova", financed by the European Union and implemented by UNDP Moldova.

According to the rules of the electricity market, the central electricity supplier, Energocom JSC, is the balancing group official, consisting of urban district heating power plants and eligible power plants that produce energy from renewable sources and have delegated the balancing responsibility to Energocom JSC. According to the data of the Ministry of Infrastructure and Regional Development, in June 2022 were installed photovoltaic power plants with a capacity of almost 25 MW, wind plants with a capacity of 73.4 MW, biogas – 6.3 MW and hydro plants with a capacity of 16.3 MW.

According to the new market rules, which entered into force on 1 June 2022, electricity is no longer traded post factum according to the values actually recorded, but according to the values notified (forecasted) by the producers. Thus, the central electricity supplier has the task of managing the individual imbalances of the contracted producers. The energy procured for balancing is regulated separately and as its price is higher, impacts the final price for consumers.

The Acting General Director of Energocom JSC, Victor Bînzari, emphasizes that the company will craft a development strategy, as well as undertake other stringent measures to increase the energy security of the country, such as: diversification of electricity and gas suppliers, expanding supply activities on foreign markets, supporting local electricity producers to reduce imbalances etc.

With a budget of €10 million, the program "Addressing the impacts of the energy crisis in the Republic of Moldova" is funded by the European Union and implemented by UNDP. It supports the public authorities of the Republic of Moldova and vulnerable groups in the context of the increase in natural gas prices. The project contributes to the reduction of energy vulnerability by encouraging the replacement of household appliances with new, more energy efficient ones, by supporting energy efficiency measures in blocks of flats and the installation of photovoltaic panels in several public buildings.

Download the press-release in Russian.